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A town has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $44,000 the first year, with $11,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Which Excel® entry should you use to determine the future worth of these maintenance expenses at the end of year 8. O =NPV(4%,8,,540227) O=FV (4%,8,,-44000) O=FV (4%,8,,-540227) OFV(8.4.-11000)

A town has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $44,000 the first year, with $11,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Which Excel® entry should you use to determine the future worth of these maintenance expenses at the end of year 8. O =NPV(4%,8,,540227) O=FV (4%,8,,-44000) O=FV (4%,8,,-540227) OFV(8.4.-11000)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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A town has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $44,000 the first year, with $11,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Which Excel® entry should you use to determine the future worth of these maintenance expenses at the end of year 8. O =NPV (4%,8,,540227) O=FV (4%,8,,-44000) O=FV(4%,8,,-540227) O=FV (8,4,,-11000)
Transcribed Image Text:A town has just replaced a water storage tank and associated feeders from it throughout the community. It is estimated that the annual service requirements will be $44,000 the first year, with $11,000 increases in each subsequent year for 8 years. The community's time value of money is 4%. Which Excel® entry should you use to determine the future worth of these maintenance expenses at the end of year 8. O =NPV (4%,8,,540227) O=FV (4%,8,,-44000) O=FV(4%,8,,-540227) O=FV (8,4,,-11000)
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